In my view the CR is to expensive and needs to be repriced or cancelled given they terminated the project.. The stock price went from 4 cents to 8 odd cents on the announcement of the heads of agreement . Now the heads of agreement is terminated 6 cents is way to expensive .. should be in the 4 to 5 cent band in my view.. Be interesting to see if the underwriter withdraws in coming days .. Good luck and DYOR
Japan Nostarts, page-12
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